NeurAxis Reports Strong Third Quarter 2024 Financial Results Driven by a 40% Increase in Revenues
Neuraxis, Inc. (NRXS)
Company Research
Source: GlobeNewswire
CARMEL, Ind., Nov. 12, 2024 (GLOBE NEWSWIRE) -- NeurAxis, Inc. (“NeurAxis,” or the “Company”) (NYSE American: NRXS), a medical technology company commercializing neuromodulation therapies for chronic and debilitating conditions in children and adults, today announced results for the third quarter period ended September 30, 2024. 3Q24 Financial Highlights Revenues increased 40% to $667 thousand in the three months ended September 30, 2024 (the “3Q24”) compared to $477 thousand in the three months ended September 30, 2023 (the “3Q23”).Operating loss improved by 45% compared to the 3Q2023. Recent Operational Highlights Expanded total covered lives to approximately 35 million compared to 4.5 million as of October 1, 2023. Recent medical policy coverages include: BCBS licensee in Florida covering over 6 million lives.BCBS plan in the mid-Atlantic region, providing coverage for approximately 7 million covered lives.BCBS plan in the mid-Atlantic with approximately 3.5 million covered l
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News
- NeurAxis Stock Surges After Strong Q3 Earnings and Expanded Coverage [Yahoo! Finance]Yahoo! Finance
- NeurAxis Reports Strong Third Quarter 2024 Financial Results Driven by a 40% Increase in Revenues [Yahoo! Finance]Yahoo! Finance
- NeurAxis to Host Third Quarter 2024 Results and Business Update Call on Tuesday, November 12, 2024GlobeNewswire
- NeurAxis Receives New FDA 510(K) Clearance for IB-Stim, Expanding its Addressable MarketGlobeNewswire
- NeurAxis Announces Capital Blue Cross Medical Policy Coverage for PENFS, effective October 1st 2024GlobeNewswire
NRXS
Sec Filings
- 11/15/24 - Form 8-K
- 11/12/24 - Form 10-Q
- 11/12/24 - Form 8-K
- NRXS's page on the SEC website